Friday, April 26, 2013

Friday thoughts


332
putting uvxy 6.36 buy order back in...same order that had earlier today unfilled and then cancelled

330
pushing up ES on low vol. may give opp to add some shorts swings. approaching trgt short area posted 930am...took all day almost there

328
us dollar at decent resist here and could turn lower by 4pm. DX futures

259
if ES cant test 1582 before 4pm, not good...its v close to it now at 1578 but marginally lower highs on the 60m chart

and sellers waiting there if it does test it

256
nugt should pop here now...1192 last

236
BELOW the mkt at ES 1576.50 is a short opp on break lower, to add more shorts
usually need a 2-3 point break for acceleration but in this case maybe 0.50 will work

232
es testing that 1578 now....resist
normall this chart pattern ES should be able to break the 1578 for one more move up BUT the data is saying hidden weakness and may not make it. remains 78% short tho chart not looking too bad,,,yet

228
78% es short rang...watching if gets follow thru or not, 1578
a move over 1578 will push it back to 74%

225
likely MM buy 657/660

224
Market Makers stepped in at 668...why i sold half scalp there

224
 still have 693 sell order also on uvxy swing piece if filled to sell 25% there...diff trade than scalp

223
take half off uvxy scalp here 668 into stregth from 650
2.8% gain in few minutes

220
76% rang es short, at 1577.50
72 and 78% are the more impt ones tho

217
might get a shoot star candle now on the 3min es....

216
***just dropped the ask
74% rang

213
72% alert rang at long uvxy 650 posted b4...about to ring 74%...

210
nugt made 1230 near the 1233 level and back off. at least it is respecting the levels and acting normally. still see poss run for 1260

205
Gold close over 1470 would likewise be bullish for swings gold

204
SPY also looks like it needs another 4--12 trading hours with down sideways bias

203
if GDX could close over 30.26 today it would be particularly bullish for it...not expecting it since 60min charts do say now sideways even lower again for next 4--12 trading hours, but the gdx is sooo volatile it often defies "normal" equity behavior

200
1260 nugt more poss now that Investment Bank just set second sell level at 1290 nugt. 1266 first level.

155
UVXY here 649 could work

154
1233 is next level on nugt,,,may not make the 1260 sell trgt today

152
nugt s now right at posted 1210 resist...watching reaction

107
have order to sell half of nugt if it hits 1260, and keep half

1233
if SPY closes like this, or lower, we have 2 things on SPY chart: yest bear shoot star. and second pattern 3 days bear eve star

1231
next 5 candles on nugt gdx 3min chart may allow bounce
nugt 1210 resist on bounce first try

1225
evidence suggests that "someone" a client of the Inv Bank wanted to sell, and it forced the Inv Bank long in order to service customer. takes time but generally price will rebound as the Inv Banks need to recoup their money. they do this in order to keep customers happy as well as make money

1222
a LOT of Inv Bank interest in nugt 11.67 level. good sign for swings

1210
half size position nugt quick swing, have room to buy half more but not adding here

1156
ES hit trgt 1,,,approaching trgt 2

1150
they still are NOT letting up ES SPX up for air today...many bearish warnings over n over again

1118
extra shares bought allows selling half of it at 1330 trgt, and hold half for higer..for scalps.....swing trgt much higher

1116
nugt back at 1280...added a lil more at buy area...may not stay there long

1112
ES "should be " bouncing on this 3min chart pattern...and it looks like its not able to...continues to exhibit many bearish warnings intraday

1101
the US dollar is testing support now and "should" bounce at this level. but it looks breakable nonetheless....if it breaks watch for a reaction higher in GOLD NUGT... it "looks like" the pros are buying gold here now before the dollar breaks

1059
1571 prior daily low ES...think 1567 break under it poss...

1055
: ES now at trgt 2 lower for second time today. 1575.  watching for next trgt lower , 1569, 1562, 1558

1053
*** BOUGHT nugt. breakout poss. paid premium. 1294 above the 1280 and 1270 1250 buy levels

1044
These are orders in place on UVXY in case of fast moves: sell 25% at each level: 6.93   7.49   8.4

1038
if today turns out to find some selling pressure, these are ES trgt 1575, 1569, 1562, 1558 posted earlier. the 1575 already been hit. And 1558 could be seen today, not saying it will be,,,but this action "allows" for it imo

1036
these chart now intraday: have set up possibility of big down move in ES...

1033
1280 nugt buyable right now imo...

1031

1277 new NUGT buy level...keep raising it in line with MM and Inv Bank actions...tho no fills yet
but 1277...i wont buy automatically...no order is in


1025
its kinda choppy here in the Mkt. often bearish. no steady trickle higher.

1020
1348 and then again at 1356 NUGT prob stall on this surge on 3min charts. last 1330

1017
CANCELLED the UVXY buy order 6.37 for fear it's forgotton about later LOL

1016
thats whats nice about "having" some shares in a position and "scaling in"...no need to "chase"...can wait for right price u already have some shares...sometimes u dont get fills like today on NUGT (nugt hit buy trgt 1 but not buy trgt 2....still may try for those lower tho...watching).... same with "missed" buying opps in uvxy

not every limit order to buy or sell is going to get filled

1014
ES...obviously the 72% rang shortly after "warning" it might. bounces shortable, same trgt area higher if able

1012
1251 new BUY trgt on NUGT....over the 1227

1010
maybe NUGT will give a buy first. 1227 would be nice

1009
larger MM not Inv Banks...were waiting to sell higher...the smaller MM jumped under the bigger ones to sell here...watching if it bounces to short trgt. not chasing since already have some shorts

1005
: wow...es should be able to creep a little higher here but stalling
if it doesnt move up soon, a 72% short alert is going to ring

1001
commited. put in order to buy UVXY 6.37 if filled,last 654,,,,may pay more later unsure

1000
adj trgt sell short 1585...3 points higher

959
looking at UVXY 6.37 poss buy trgt...

955
1583 ES may be shortable if bounce there this morn, or near 1583, poss 1581-1585...will watch for opps in spxu uvxy vxx

15min SPY chart "allows" bounce but first bounce likely sold intraday...also the 1583 is ES horiz resist. 15min chart pattern to bounce to 1583 es then down to 1575 and 1569 trgt to start

943
same with NUGT...bounced right near prior posted buy level Inv Bank just now

941
6.74 UVXY prior Investment Bank level, right in the middle of gap and not easily visible on chart...but amazing how consistently the Inv Bank trgts are hit with immediate stalls even in non-obvious spots and prices

940
UVXY just hit the 6.74 trgt, did not sell here...watching reaction...

937
NUGT now at old Inv Bank buy level 12.90. other one is 12.27 below

931
uvxy have an order to sell 6.93, only 25% of shares in swing. this is ABOVE yest trgt 6.74...is at the 6.61 prior Inv Bank level now, may stall again 6.74, will see...

925
GM all. UVXY trading higher pre-market, close to its 6.74 trgt sell area for 25% of swing shares. but i'll wait and see what it wants to do at the open, instead of selling at 6.74


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* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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